Answer
See explanation
Work Step by Step
Managerial accounting focuses on planning, controlling, and decision making. These skills are useful in all areas of business. In marketing, planning is used to make decisions regarding how much money to spend on advertising. In human resources, controlling can be used to determine if employee retention rate goals are being met. In supply chain management, decision making can be used to decide whether or not an operation should be transferred overseas.
Managerial accounting is a boost to all categories of business. If the people learn management accounting, they can plan, control, organize and make decisions in every business activity they undertake. The managerial actions are needed in different aspects of career. In every organization, the head of each division will be a manager. The knowledge of managerial accounting will help them to manage their division with expertise. Even the knowledge of managerial accounting help the employees to plan their career goals and make informed decisions.
